Moon5 Labs, the driving force behind the FATTY project, is deeply rooted in the Web3 space. With years of experience and a strong network built through participation in major Web3 and crypto events, the team at Moon5 Labs has laid a strong foundation for FATTY's success. Their goal is clear: to create innovative projects with the potential to reach over 100 million users. The recent $3 million funding, combined with the involvement of venture capitalists and institutional investors, reflects the market's strong confidence in Moon5 Labs and FATTY. This capital will not only accelerate the development and launch of key products within the FATTY ecosystem but also ensure they meet the high standards set by Moon5 Labs. As part of this strategic growth, the ongoing FATTY presale offers a unique opportunity for investors to get involved early. The current token price is $0.021, with a listing price of $0.030.
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The Canadian cryptocurrency trading platform ezBtc and its founder, David Smillie, defrauded customers by misappropriating approximately 13 million Canadian dollars ($9.5 million) of their cryptocurrency investments and using the funds for gambling. A panel set by the British Columbia Securities Commission (BCSC), a provincial regulator in Canada, found that ezBtc misappropriated customer funds “for their own purposes.” The ezBtc platform, which went offline permanently in or around September 2019 and was dissolved in 2022, had claimed to store all its users’ crypto investments in cold storage. During its time of operation, between 2016 and 2019, ezBtc amassed over 2,300 Bitcoin BTC tickers down $59,454 and over 600 Ether ETH tickers down $2,668 from crypto investors.
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"In Sh*tcoin Season, any pointless cryptocurrency with a Twitter account can enchant thousands of traders into playing memecoin musical chairs. Throwing money at the wall and reason out the window, they let greed get the best of them. Sometimes literally." That is how I started my May 2023 story about $GREED, a social experiment that duped crypto traders hoping to score a quick buck into embarrassing themselves on Twitter (now X). It was a lesson in good judgment disguised as a money-making opportunity. The story's moral did not stick. In less than a year, speculators' memecoin greed prompted them to once again trade their good judgment for too-good-to-be-true returns. Presale scammers pitching exclusive memecoins earlier this year stole $122 million from wannabe get-rich-quick degens, according to on-chain sleuth ZackXBT.
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